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Kia keeps its EV target but plans to increase its hybrid product line


Kia remains committed to achieving its ambitious electric vehicle sales target, but plans to maintain hybrid and plug-in hybrid vehicles as part of its product portfolio, the automaker announced today. Friday during a presentation to investors.

Kia still aims to achieve annual global electric vehicle sales of 1.6 million by 2030. That is also the target The automaker has stepped up for 2023, compared to the previous target of 1.2 million. And the company plans to introduce 15 new electric vehicle models globally by 2027. Flexible PBV electric truckdesigned to transition from delivery vehicles to taxis, it could initially achieve sales of around 250,000 units globally.

Kia Sorento 2025 plug-in hybrid

Kia Sorento 2025 plug-in hybrid

Now, Kia also says these electric vehicles will be part of its target for sales of 2.4 million “electric models” globally by the end of the decade, including hybrid and plug-in hybrid vehicles. along with fully electric vehicle models. Kia predicts that these models will account for 58% of its annual global sales by 2030, which it claims will give it the highest percentage of electric vehicle sales of any manufacturer. any (full) automobile manufacturer at that time.

Increased sales will include increasing the number of model lines for all powertrain types. Kia plans to introduce EV2, EV3, EV4 and EV5 models globally, and grow its global hybrid lineup from six models in 2024 to eight models in 2026, adding a ninth hybrid model to year 2028.

Kia EV Date, October 2023

Kia EV Date, October 2023

Kia first introduced the EV5, a compact crossover, in August 2023, with Concept versions of EV4 and EV5 appeared a few months later. At the time, Kia said the EV3 would target a base price of $30,000 to $35,000, but so far the company has not revealed plans to bring any new models to the US.

In 2021, the company also added growth plans hydrogen fuel cell series by 2028 and phase out skin by the end of the decade—part of a large-scale sustainability vision. At that time, Kia announced the target to be achieved a vehicle powered by a fuel cell at the same price as battery electric vehicles in 2030.

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